India, Aug. 21 -- James Hardie Industries PLC (JHX,JHX.AX) announced an agreement to sell its sustainable walling and flooring solutions business, Fermacell, in Europe to Swiss building materials major Holcim AG (HLB.F,HCMLF,HOLN.SW) for €840 million or around $980 million, in cash.
Further, James Hardie, a provider of exterior home and outdoor living solutions, announced that its Board has authorized $250 million share repurchase program, to be effected through open-market purchases.
The company said the strategic divestiture of its European operations, including premium fermacell and Aestuver brands, reflects its focus to further align the portfolio with long-term growth strategy.
James Hardie also said it intends to close its Eu...